1 Feb 2005, 00:00 - 14 Oct 2025, 17:39
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Publicación
The 1980s and 1990s have been decades of instability and slow growth for most of the Latin American region. There are exceptions, however. Chile and the Dominican Republic grew rapidly in the last decade or so although in recent years both economies, for different reasons, have entered in cycles of more sluggish growth. The purpose of this paper is to advance our understanding of the growth patterns of the Latin American economy in the final decades of the 20th century. We focus on the analysis of medium-to-long run growth, as opposed to the standard discussion of the determinants of high freq…
28 Mar 2024, 00:00 - 14 Oct 2025, 17:39
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Publicación
Latin American and Caribbean bond issuance in international markets totalled US$ 76.4 billion in the first 10 months of 2023, rebounding from the low volumes recorded in 2022. This figure represented a 30% increase compared to the same period in 2022 and was 20% higher than the annual volume. Issuers that have been waiting for lower borrowing costs are gradually returning to the international market, as they anticipate the end to global interest rate hikes while accepting that rates may remain higher for longer.
The region issued US$ 23.2 billion in international green, social, sustainability …
Global antidumping activity peaked in 2001, with 366 petitions initiated world-wide, and rapidly diminished to just 163 cases in 2007. With the onset of the current major world-wide recession some observers feared that antidumping usage would climb dramatically; however while antidumping activity was up by 28% in 2008 (to 208 cases initiated, according to WTO statistics), the rise was not nearly commensurate with the financial distress, and new antidumping initiations for the first three quarters of 2009 -at 154 cases- are on pace to show little change for the full year compared to the previou…
1 Ago 2009, 00:00 - 14 Oct 2025, 17:34
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Publicación
The global economic crisis has put an end to a period of six consecutive years of growth in Latin America and the Caribbean, growth on a scale that had not been seen for decades. This crisis is different from those which had been seen in the past, not only because its origin is different but also because, as the Economic Commission for Latin America and the Caribbean (ECLAC) has reported on several occasions, the region is much better prepared to deal with it. The favourable international environment which had been enjoyed by most of the countries of the region in recent years went hand in han…
25 Oct 2019, 00:00 - 14 Oct 2025, 17:24
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Publicación
This overview examines the economic performance of economies of the Caribbean in 2018 and comprises four chapters. The first chapter provides a comparative analysis across Caribbean economies of the main macroeconomic variables, namely GDP growth, monetary indicators, as well as fiscal and external accounts. The second chapter looks at the key development imperatives for the Caribbean. The third chapter concludes, and the final chapter includes individual country briefs that give an overview of the economic situation for the Bahamas, Barbados, Belize, Guyana, Jamaica, Suriname and a subregiona…
15 Feb 2019, 00:00 - 14 Oct 2025, 17:31
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Publicación
In 2018, bond issuance from Latin American and the Caribbean (LAC) slowed, bond spreads widened and credit quality deteriorated. The region saw the best and the worst conditions for tapping international capital markets in 2018. In January 2018, issuers from the region placed their highest ever monthly volume of debt in international markets. On the other hand, December 2018, with no issuance recorded, was the worst December on record for LAC issuers. Bond activity in 2018 was affected by a heavy electoral calendar at the domestic level, and by U.S. interest rate hikes, withdrawal of dollar li…
1 Mayo 2017, 00:00 - 14 Oct 2025, 17:39
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Publicación
This document, prepared by the Economic Commission for Latin America and the Caribbean (ECLAC) Washington Office, presents and analyzes the most recent developments (first quarter of 2017) concerning capital flows to Latin America and the Caribbean.
The main highlights are:
- 2017 started with the highest monthly issuance on record for Latin America and the Caribbean (LAC)’s cross-border bond market, with total issuance reaching US$ 24.2 billion in January. Petrobras led the way, issuing a US$ 4 billion dual-tranche bond on January 9, encouraging other issuers to come to the market.
- Although…
Using a new database of quarterly data for 21 countries of Latin America and the Caribbean for the 1990-2012 period, this document shows that the duration of GDP contractions appears to be a rather robust indicator of real volatility, and is negatively correlated with long run growth in Latin America and the Caribbean during the period. These results are consistent with different theoretical hypotheses in the literature that relate the duration of GDP contractions with economic growth. They also show that the relationship between real volatility and economic growth in the region is robust to …
1 Nov 2014, 00:00 - 14 Oct 2025, 17:28
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Publicación
For six years, the global economy has been driven by the U.S. Federal Reserve’s policies of easy money. Liquidity has flowed from developed to developing economies, financing infrastructure and corporate investment and allowing consumers to indulge in credit-fuelled retail spending. Thus the effective ending of the Fed’s third round of asset purchases (QE3) at the end of October represents both a watershed and the beginning of a new stage in the world economy. The end of asset-purchases comes at a challenging time for emerging markets, with China’s economy slowing, the Euro zone struggling to …
28 Mayo 2014, 00:00 - 14 Oct 2025, 17:20
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Discurso
Opening remarks by Alicia Bárcena, Executive Secretary of the United Nations Economic Commission for Latin America and the Caribbean, on the occasion of the 14th International Resource Panel Meeting
Santiago, 28 May 2014
It is a great honour to welcome you to the Economic Commission for Latin America and the Caribbean on the occasion of the 14th International Resource Panel and its Steering Committee under the auspices of the United Nations Environment Programme-UNEP.
It is especially significant since the decision to hold this Panel of Experts in our region is a source of tremendous p…
Introduction and Summary
The advent of Hurricane Ivan and its tragic and devastating consequences in the Cayman Islands
and particularly in the Grand Cayman puts a strain on the economy and fiscal pressures on
Government.
The consequences of Ivan pose the need beyond the humanitarian response, for a rapid
assessment of the damage (impact on assets); and losses (effects on economic and social flows); to
determine its macroeconomic, social and environmental consequences and its implications for the
country's fiscal stance. At the request of the Cayman Islands Government and with the support…
1 Mayo 2000, 00:00 - 14 Oct 2025, 17:26
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Publicación
Second regional conference in follow-up to the World Summit for Social Development. Santiago, Chile, 15-17 May 2000 Summary The courses of action recommended at the World Summit for Social Development coincide with the general thrust of the action taken by the Governments of the region in the economic and social spheres during the 1990s. The objective of this document is to weigh the positive and negative aspects of the situation in Latin America and the Caribbean with regard to poverty reduction, productive job creation and social integration within the wider context of economic changes and s…
This document, prepared by the Economic Commission for Latin America and the Caribbean (ECLAC) Washington Office, presents and analyzes the most recent developments…
20 Ene 2023, 00:00 - 14 Oct 2025, 17:39
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Documento de trabajo
The Joint Program “Support for the development of an Integrated National Financing Framework for the SDGs in Cuba” (CIFFRA) is part of the more than 60 experiences implemented worldwide to finance the 2030 Agenda under the global framework agreed upon by world leaders in Addis Ababa, Ethiopia in 2015. CIFFRA is part of the initiatives funded by the Joint SDG Fund of the United Nations System (Joint SDG Fund).
CIFFRA Policy Notes represent an effort by the project's Technical Committee to document, executively, its main progress, results and messages. This first note is dedicated t…
This document, prepared by the Economic Commission for Latin America and the Caribbean (ECLAC) Washington Office, presents and analyzes the most recent developments (third quarter of 2018) concerning capital flows to Latin America and the Caribbean.
The main highlights are:
The Latin America and Caribbean (LAC) region has seen the best and the worst conditions for tapping international capital markets this year. In January 2018, issuers from the region placed their highest ever monthly volume of debt in international markets: US$ 32 billion. First quarter debt issuance in international markets…
1 Mayo 2011, 00:00 - 14 Oct 2025, 17:25
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Publicación
In Latin America (LA), as well as in other parts of the world, decentralization has increased in recent decades, reflecting primarily political pressures, partly linked to the democratization process. As a result, sub-national governments (SNGs) now account for substantial shares of public expenditures, in particular social and investment ones. This in turn has created growing challenges for macro-fiscal management, as concerns both ensuring medium-to long-term fiscal sustainability, and minimizing the impact of cyclical and commodity prices fluctuations on sub-national budgets. This is illust…
The recovery of the economies of MERCOSUR, and the disturbances that the recent crises generated in the region have motivated reconsideration of the medium term prospects of the integration project. This paper tries to contribute to this activity with a brief analysis of regional macroeconomic interactions, and a discussion in broad terms of incentives and restrictions for macroeconomic cooperation in the specific conditions of the region. The themes that play through the discussion are that (i) the lack of a shared concrete perspective about the role of MERCOSUR for the growth of the nationa…
1 Mayo 2004, 00:00 - 14 Oct 2025, 17:30
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Publicación
This document was prepared by Sarah Bradshaw, consultant for the Economic Commission for Latin America and the Caribbean (ECLAC), under the supervision of the Women and Development Unit, in close collaboration with the Sustainable Development and Human Settlements Division and the ECLAC Subregional Headquarters in Mexico City, in the framework of the Project Improve damage assessment methodology to promote natural disaster mitigation and risk reduction awareness and preparedness in Latin America and the Caribbean (ITA/99/130). The paper analyses the socio-economic effects of hurricane Mi…
Summary This paper analyzes the impact of globalization on developing countries over the last several decades. The first section examines the components and mechanisms of globalization. The second turns to financial globalization –considered to be the most important aspect of a multifaceted process– and looks in more detail at the changing trends in finance for developing countries. The third analyzes the impact of the new pattern of finance in terms of growth, equity, and government autonomy. The concluding section offers policy recommendations for making globalization a more positiv…
1 Nov 1999, 00:00 - 14 Oct 2025, 17:39
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Publicación
Abstract This paper has analyzed the changes in the distribution of income in Colombia since 1976 using data for urban economy (seven largest metropolitan areas) and for the manufacturing sector. Evidence is shown that the structural reforms that took place in the early 1990s have been related to higher income concentration in Colombia, where levels of inequality were already impressively high. The results suggest that both trade liberalization and skill complementary technological change have a positive impact on skill premiums. The evidence presented suggests that skill complementary technol…